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A firm has estimated that it will need $2.3 million net cash during the year. Current interest rate on money market securities at 3.20% per

A firm has estimated that it will need $2.3 million net cash during the year. Current interest rate on money market securities at 3.20% per year and the cost of buying and selling securities is $35.90 per transaction. What is the optimal transaction size of securities?

pls do not use excel

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